I have perused the Question on the above subject, viz., Interest on Housing Loan raised by Mr Vinod Sharma.

I intended to answer the Query but the website didn't allow me to post my reply. Hence I wish the following reply to be posted to Mr Vinod Sharma.

"Please visit www.apnaloan.com in which a similar point has been answered under caption-Home Loan Tax Tip Tax deduction for a co-borrower who is not a co-owner".

Only Owners and Co-Owners would be entitled to claim any tax benefits in respect of the loan installments repaid on such a loan. You could explore the option of becoming a co-owner by virtue of a gift deed or sale deed both of which will entail payment of stamp duty. Only after you become a co-owner, will you be able to claim the tax benefits.

Is a gift received by Mr X from mother of his spouse comes with in the purview of gifts received from relatives and there by not taxable?

Dear All
Our travel agent providing us the Air/Train ticket for staff travels.

For Air travel he charges nothing but fare.

But in the invoice for Train ticket he submits also his service charges plus service tax on service charges though mentioned separately.

Do I need to deduct TDS on the total invoice amount( it comprises of Train fare + (service charges+ service tax)) if amount goes above INR 20,000.00 in a single invoice or INR 50,000.00 for the full year.
Shall I ask him to submit two different bills one for train fare -for no tds and other for service charges for tds as per law,

or

one single bill that mentioned two amounts( one for ticket & other for service charges)separately & cleary but total is a sum of the two will serve the same purpose.

An early reply would be appreciated.

Regards
Puran Dangwal

Whether section 115JB is applicable to a company having 100% deduction under Section 80JJA.And whether profits under sec 80JJA can be reduced from the profit as per the calculations U/s 115JB to arrive at Book Profit U/s 115JB ?

Can a son claim Intt.or repayment of housing loan (Loan taken by son) but house is in the name of mother. If yes, any sec./rule/or case law, because the employer of son is not giving expemption to son. Another query, whether a son can claim two housing loan benefits.

Thanks
Vinod Sharma

whether Interest and repayment of housing loan claim by a son ( Who have actually taken loan) but house is in the name of mother. If yes, then any sec. or case law available, because employer is not giving exemption to son, Another query is whether a son can claim two housing loan benefits at a time.

Thanks,
Vinod Sharma

An indian company appoints some sale agents abroad to obtain orders their in consideration of commssion on sales. All such agents are non-residents and do not have any permanent establishment in India. Whether the indian company is liable to deduct TDS on such commission payments? Whether such income can be deemed as income accrue or arise in India in the hands of such agents? Please give your opinion.

do we need to deduct tds if we have made a contract of internet usage with a company and the bill amount is the same every month???
what is needed to be done if it is call centre???

One of Firm, its Turnover was Rs.14 lacs ant it was a manufacturing industry (small)for the year 2006-07, which was applicable for FBT or not?

How much Turnover need for FBT? Plzzz sir?

HI,
SOMEBODY TOLD ME THAT IF WE INVEST RS100000/-IN KISSAN VIKAS PATRA THEN WE ARE ABLE TO TAKE EXEMPTION FOR THAT FULL AMOUNT WITH RS100000/- OF 80C MEANS I WANT TO ASK THAT CAN WE CLAIM EXEMPTION OF RS200000/-
PLZ SUGGEST ME.

THANKS